The crypto and equity markets showed mixed signals this week, with notable liquidations in Ethereum, bearish bias among top perpetual traders, and a dip in volatility indices signaling risk appetite shifts.
Crypto Liquidations
Ethereum experienced a high‑severity liquidation totalling $11.4 M, dominated by shorts ($8.79 M) versus longs ($2.61 M). Bitcoin saw a medium‑severity liquidation of $5.5 M, with shorts ($3.60 M) outpacing longs ($1.91 M).
Top Perpetual Traders
Bearish‑biased segments continue to dominate. In the PnL Champions group, short exposure ($2.72 B) far exceeds longs ($1.47 B). Elite Wallets and Mega Wallets also show negative bias, with short‑side equity roughly $1.48 B higher than longs in Elite and $3.44 B higher in Mega wallets.
- PnL Champions: BTC short $560.6 M / long $235.0 M, HYPE long $393.6 M / short $330.4 M, ETH short $502.1 M / long $194.7 M
- Elite Wallets: BTC short $492.4 M / long $279.5 M, ETH short $156.7 M / long $161.1 M
- Mega Wallets: BTC short $326.0 M / long $509.1 M, ETH short $424.5 M / long $349.9 M
ETF Flows
Bitcoin attracted $90.4 M of new ETF inflows, while Ethereum added $18.4 M, indicating continued institutional interest despite short‑dominant trader sentiment.
Crypto Sentiment
The Crypto Fear & Greed Index sits at 28, deep in the fear zone, suggesting potential upside if risk appetite returns.
Economic Calendar Highlights
- Core CPI MoM: 0.2% (high impact) – stable inflation outlook.
- Core CPI YoY: 2.8% (high) – modest cooling.
- CPI MoM: -0.1% (high) – deflationary pressure.
- CPI YoY: 3.8% (high) – easing rate‑hike fears.
- Fed Chairman Warsh testimony – markets expected to stay steady.
Stock Market Sentiment
The VIX fell to 15.03, down 5.1%, while the Stock Fear & Greed Index is neutral at 49, indicating a modest risk‑on bias in equities.